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O0 V" I7 V8 o& `EDMONTON JOURNAL MAY 8, 2013) p" d, C M/ U, L5 l
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
, z2 o/ }; u3 N, APhotograph by: John Lucas, file , Edmonton Journal
! f! R0 ~0 Q9 |4 SEDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.7 E, K& M0 p: Q' [" | j
# U K7 Y" S. l/ EBuilders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.3 k; a4 B+ |( c6 [
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Housing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.
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“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”5 H' J" B6 M1 q4 v4 L! t
4 }! B. z5 ~7 r0 q4 `' sIn Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year.8 l3 s. O5 v* ]5 r& ]
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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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}: c$ \5 v+ D# U6 v0 I, h B. D$ `: ]Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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Consumers remain confident despite a moderating pace of economic growth, he said., N, c+ @+ {4 q' q2 L7 x/ h; j
& ?6 D( p( S; f5 ^7 U+ G8 P“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said.# }- C j/ o0 I8 q* N5 J5 O) H( l
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